IRVINE, Calif. — HCP (NYSE: HCP) has hired Peter Scott as the company’s new executive vice president and chief financial officer. Scott replaces Tom Herzog, who was promoted to CEO following the resignation of Lauralee Martin last summer.

Scott joins HCP following a 15-year career in real estate investment banking. He currently serves as a managing director in the real estate banking group at Barclays, where he has spent the majority of his career. Scott also held investment banking positions with Credit Suisse and Lehman Brothers.

Scott has provided advisory and capital markets expertise to clients in the real estate industry, specifically focusing on the healthcare REIT sector. Recently, Scott advised HCP on the spinoff of its skilled nursing assets into a separate REIT, Quality Care Properties.

"We know Pete well,” says Herzog. “We have worked closely with him and have consistently been impressed with his work ethic, insights and analytical skills. His deep healthcare real estate, capital markets and transaction experience are highly complementary to the executive team we have assembled."

Scott received his bachelor’s degree from the Wharton School at the University of Pennsylvania.

Irvine-based HCP is a publicly traded healthcare REIT and the fourth largest owner of seniors housing properties in the United States. The company owns 470 seniors housing assets totaling 49,000 units, according to 2016 numbers from the American Seniors Housing Association.

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